All articles tagged with #dollar weakness
Originally Published 4 months ago — by Reuters
Global stock markets reached new highs as investors anticipated the U.S. Federal Reserve's upcoming rate cut, with the dollar weakening and gold prices near record levels, amid expectations of easing monetary policy and mixed signals from central banks worldwide.
Originally Published 2 years ago — by Reuters
Asian markets are showing signs of improvement as the "peak Fed" draws closer, U.S. bond yields may be reaching their peak, and the dollar weakens. If U.S. inflation data for June falls below expectations, it could benefit Asian stocks, bonds, and currencies. While some Fed officials believe interest rates need to rise further to control inflation, the end of the tightening cycle is in sight. Chinese inflation figures were disappointing, with zero consumer price inflation and a slump in producer price inflation. However, a potential turnaround in the tech sector and a near $1 billion fine on Ant Group may provide hope for investors.
Originally Published 2 years ago — by Kitco NEWS
Gold futures surged to the highest value of 2023, reaching $1981.10, as investors rethought the banking crisis and accommodative Federal Reserve. The Federal Reserve is expected to approve a ¼% rate hike with the banking crisis ultimately backstopping the opinion that the Federal Reserve would step up its rate hikes with a ½% rate hike next week. Dollar weakness contributed to today’s dramatic ascent, but roughly 5/6 of today’s gains in gold are directly attributable to market participants bidding the precious yellow metal higher.